I typically work between 45 and 50 hours per week. My boss (who is very reasonable and fair) has told me that she would like to give me a raise and move me from hourly to salary. This makes sense, since I am the only manager at my company who is not paid a salary, and paying someone overtime every week doesn't make sense for the company.
Does anyone have any tips on writing a contract? How much of a raise should I ask for? Is 10% reasonable for dong the same job (although everyne agrees I am much underpaid)? Should I specify vacation time? Can I include yearly raises? If so, how much? Should it be a range (i.e. 3-8%, depending on performance)? Any help would be really appreciated.
2006-12-31 00:29:42 · 7 answers · asked by a.kam 2 in Business & Finance ➔ Careers & Employment
Usually that means "we can work you more and pay you less". I would have a fixed amount in my mind and go from there. If you generally work 10% more hours per week, then tack on 10% more of your salary. You know how much you need to live.
I would guess that yearly raises can only be discussed yearly.
2006-12-31 00:33:27 · answer #1 · answered by Kevin K 3 · 1⤊ 0⤋
Well figure it out what you make a month as an hourly employee. Just rememeber add 10% before taxes. So if you make 1,500 a month as an hourly employee then you should be asking 2,100 a month. Make sure you push for a yearly review or raise plus your vacation. Make it a stipulation that if you do not use your vacation by the end of the year it either rolls over or they buy it back from you at your regular salary pay not pro rated. Just make sure you tell them your not going to take on extra work load unless you get a paid incentive. They like to work you hardier and longer while on salary. And make sure you get a written contract that states every thing you have discussed and agreed upon
2006-12-31 00:42:51 · answer #2 · answered by xxmack675hpxx 3 · 0⤊ 1⤋
It depends on how much you get in overtime every week whether or not it would even be worth it... If you usually get 10-20 hrs overtime on each check and its a pretty substantial amount, I would see about making your raise enough to cover what you would usually get when you get the overtime plus an extra quarter or so... But about the everyone agrees you are underpaid... please be careful about discussing things like that at work...I know its hard! but you cant go gauging what you should make compared to someone else.People will lie cheat and steal their way for a few extra pennies! I took salary a few months ago and Ive been pulling almost 60 hours week..Just dont let them take advantage of you like they have me! Good Luck! =o)
2006-12-31 06:25:19 · answer #3 · answered by ? 2 · 0⤊ 0⤋
Maybe you should think about that because when you are salaried you may have to work holidays and extensive hours and you will not get paid for any of it... Instead they will give you days off which they can block or manipulate when you use your days off. Going from hourly to salary is like you said better for the company b/c they will not have to pay you as much as they would if you were hourly. I think you need to weigh your options and see what is better for you.
As far as writing a contract I'm not to familiar with the process but I can bet that whatever your pay increase is will benefit the company to work you well beyond what you are paid. And as far as vacation goes you will get it and along with all of the OT you will be working u will earn extra paid days as well.
IMHO I say stay hourly... Don't let them stick it to you in the long run...
2006-12-31 00:43:03 · answer #4 · answered by Cocoabutta98 4 · 0⤊ 0⤋
That's unclear there are in fact several potential answers to the question...
2016-08-20 06:18:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Valuable replies, just what I was looking for.
2016-09-20 03:01:25 · answer #6 · answered by marilee 4 · 0⤊ 0⤋
don't do it
2006-12-31 00:37:05 · answer #7 · answered by b 4 · 1⤊ 1⤋